ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Step 1
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Step 2
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Step 3
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Step 4
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Detailed explanation-1: -Step 1: Identify and define the problem State the problem as clearly as possible. For example: “I don’t have enough money to pay the bills.”
Detailed explanation-2: -Develop a Problem Statement. Determine Root Causes. Rank Root Causes in Order of Importance. Create an Action Plan. 07-Jun-2017
Detailed explanation-3: -Step 1: Define the Problem. What is the problem? Step 2: Clarify the Problem. Step 3: Define the Goals. Step 4: Identify Root Cause of the Problem. Step 5: Develop Action Plan. Step 6: Execute Action Plan. Step 7: Evaluate the Results. Step 8: Continuously Improve.
Detailed explanation-4: -Step One: Define the Problem. Step One is about diagnosing the problem – the context, background and symptoms of the issue. Step Two: Determine the Root Cause(s) of. Step Three: Develop Alternative Solutions. Step Four: Select a Solution. Step Five: Implement the Solution. Step Six: Evaluate the Outcome.